Australia

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submitted 1 day ago by okwithmydecay@leminal.space to c/australia@aussie.zone

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[–] Almacca@aussie.zone 13 points 23 hours ago (4 children)

And when anyone says "harms the economy" they of course mean "harms profits".

[–] fizzle@quokk.au 7 points 15 hours ago

You can rephrase it how you like but ultimately it harms everyone.

We haven't had a recession in decades, but it gets pretty brutal.

Yes some rich people's yacht money gets deferred, but also young single parents lose their jobs and can't find somewhere to live.

The poorest among us always bear the brunt of an economic downturn.

[–] rimu@piefed.social 12 points 23 hours ago (1 children)

Sometimes they mean "make the share market go down", while the share market is just a graph of rich people's feelings about the future.

[–] Almacca@aussie.zone 6 points 23 hours ago* (last edited 23 hours ago)

That too. Point is it's never about the real economy, which is regular people trying to get by.

[–] Tenderizer@aussie.zone 3 points 17 hours ago

Inflation is probably the main thing. Voters and businesses alike hate inflation.

[–] pHr34kY@lemmy.world 7 points 21 hours ago

Economy = Rich people's yacht money.